Projects against money
laundering implemented by the
Council of Europe include rope include rope include rope include rope include rope include rope include rope include rope include rope include rope include rope include rope include rope include rope include rope include
three completed projects fully
financed by the European Commission:

· MOLI-RU in the Russian
Federation (February 2003 – June
2005), fully financed by the
European Commission · MOLI-UA in Ukraine
(February 2003 – June 2005), fully
financed by the European Commission
· MOLI-MK in "the Former
Yugoslav Republic of Macedonia"
(June 2004 - May 2006) – fully
financed by the European Agency for
Reconstruction. · MOLI-RUPolicy Advice
in the Russian Federation (November
2005 – October 2006) – co-financed
by the European Commission and the
Council of Europe

Major Activities

International meeting on terrorist
financing (5-6 October 2004, Moscow)

[1 October 2004,
Strasbourg] Strengthening cooperation against
terrorist financing was the objective
of an international meeting in
Moscow on 5 and 6 October 2004. It
brought together experts of more
than 30 financial intelligence units
from Europe and central Asia as well
as a range of international
organisations. The event was
organised by the Russian
Federal Service for Financial
Monitoring with the
support of the
Project Against Money Laundering
in the Russian Federation (MOLI-RU)
– a project funded by the European
Commission and implemented by the
Council of Europe.

The issue of terrorist financing
moved higher on the international
agenda following the tragic events
of September 2001. In October 2001,
the Financial Action Task Force (FATF)
adopted eight special
recommendations on
terrorist financing:

MONEYVAL – the
Council of Europe’s anti-money
laundering monitoring mechanism – is
evaluating compliance of 27 European
countries also with international
standards against terrorist
financing. MONEYVAL
report of July 2004
noted that over the past two years,
most countries had made considerable
progress in the implementation of
the FATF’s special recommendations.

The meeting in Moscow
was a first step to support countries
now also through capacity building
measures. It was intended to:

· help practitioners of financial
intelligence units develop links and
exchange information on terrorist
financing with counterparts of other
countries
· identify good practice in dealing
with terrorist financing and help
remove obstacles to effective
cooperation
· determine needs and opportunities
for international support to
national strategies against
terrorist financing.

The Moscow meeting was
the starting point for more
comprehensive technical cooperation
programmes in this area.